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Euro and economic governance

Euro and economic governance

State of play

The Greek crisis has shown the European Union's inability to find lasting solutions to a situation that the single currency should have avoided. By means of "last chance summits" and repeated austerity plans, it becomes difficult for the European citizen to understand and support these decisions.

There are reasons for this:

  • Lack of governance: 
    One or two meetings of the Council per year cannot constitute genuine global economic policies or respond to complex situations requiring rapid action. 
  • Lack of flexibility :
    The budget of the European Union is determined every seven years by the Multiannual Financial Framework. This system, based on national contributions, is particularly rigid and sensitive to the small bargaining from Member States.
  • Lack of solidarity: 
    The European Union, a genuine area of solidarity, cannot allow its peoples to tear each other apart and turn their backs on the weakest.

Our proposals

Deciding together on the euro area's economic strategy means that we must have common offensive policies for growth and innovation. We support the idea of a new treaty giving the Euopean Union and particularly the eurozone:

  • A political governance: 
    A genuine political structure would make it possible to confine the balance of power and restore balance between Member States. A Minister of Finance and an ad hoc section of the European Parliament will be able to pursue new policies geared towards the general interest.
  • An autonomous budget: 
    By providing the European Union with an autonomous budget, financed by own resources deducted from national taxes, such as a tax on financial transactions, the implementation of policies in the interest of the Union's citizens will be given full latitude. 
  • An ambitious spatial planning policy:
    The existence of a single monetary zone, in order to avoid imbalances due to the concentration of activities in the most competitive areas, and desertification elsewhere, requires a spatial planning policy that favours and encourages the harmonious distribution of these activities throughout the territory.

Our commitments 

Every day the PDE defends its ideas through various actions and asserts its positions. For example:

  • In the European Parliament: 
    Gérard Deprez, EDP Delegate General and Member of the European Parliament, defends our ideas in the Committee on Budgets of the European Parliament, where he is a full member.
  • In our Manifesto: 
    We have been defending these proposals for several years. They were already at the heart of our programme during the European Parliament's 2009 election campaign.